PEB pacific edge limited

Ann: GENERAL: PEB: PE Releases New Product Cxbladder Monitor

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    • Release Date: 24/12/15 10:20
    • Summary: GENERAL: PEB: PE Releases New Product Cxbladder Monitor
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    					PEB
    24/12/2015 10:20
    GENERAL
    NOT PRICE SENSITIVE
    REL: 1020 HRS Pacific Edge Limited
    
    GENERAL: PEB: PE Releases New Product Cxbladder Monitor
    
    24 December 2015
    
    Pacific Edge Releases New Product Cxbladder Monitor
    
    Cancer diagnostics company, Pacific Edge Limited (NZX: PEB), has today
    released Cxbladder Monitor, its third new product in a suite of tests for the
    detection and management of bladder cancer. The test is now available in New
    Zealand and will be launched in other markets progressively over 2016 and
    2017, starting with the USA later in 2016.
    
    Worldwide, bladder cancer is the ninth most prevalent form of cancer and has
    a very high recurrence rate. Therefore, bladder cancer patients live in a
    world of ongoing monitoring and clinical intervention. Cxbladder Monitor is a
    proprietary test for urologists who are monitoring patients with bladder
    cancer for recurrence of the disease.
    
    It is designed to be used on patients as part of their ongoing surveillance
    regime to quickly and accurately identify those who have a low probability of
    having recurrent cancers, providing ongoing reassurance to clinicians and
    their patients that the cancer hasn't returned, or supporting the case for
    further urological investigation.
    
    Cxbladder Monitor follows in the footsteps of Pacific Edge's first two
    molecular diagnostic tests, Cxbladder Detect and Cxbladder Triage. Cxbladder
    Triage rules out patients who have a low probability of having cancer and
    Cxbladder Detect is used specifically to detect cancer. Both are used in the
    early evaluation in patients who present to the urologist with haematuria
    (blood in the urine and an early symptom of bladder cancer).
    
    The introduction of Cxbladder Monitor rounds out the Cxbladder family of
    products with a one-stop-shop solution from preliminary evaluation of
    haematuria, to diagnosis within the urological evaluation as an adjunct to
    cystoscopy, right through to post-treatment surveillance for recurrence of
    bladder cancer.
    
    Pacific Edge Chief Executive Officer, David Darling, said: "The launch of
    Cxbladder Monitor complements our existing Cxbladder products and takes us a
    step closer to being able to provide a 'one-stop shop' of accurate
    non-invasive tests for urologists.
    "Depending on the stage and grade of the initial cancer diagnosis, medical
    guidelines advocate follow-up cystoscopies every three months for the first
    couple of years post treatment, then six-monthly after that and annually
    after five years.
    
    Adding to that, 50-70% of high grade tumours have a recurrence and this
    resets the clock for surveillance meaning a longer period of evaluation and
    even more cystoscopies.
    
    "Cxbladder Monitor will quickly and easily provide urologists with greater
    certainty of their clinical evaluations, the perfect adjunct test to
    cystoscopy."
    
     A number of urologists in the USA and New Zealand have been involved in the
    clinical evaluation of Cxbladder Monitor, including NZ-based Dr Peter
    Gilling, who in addition to his clinical practice has recently been made
    Professor of Surgery at Auckland University.
    
    ENDS
    
    For more information contact:
    
    David Darling
    Chief Executive Officer
    Pacific Edge Ltd
    P: +64 (3) 479 5800
    
    ABOUT Pacific Edge
    www.pacificedge.co.nz
    www.pacificedgedx.com
    
    Pacific Edge Limited (NZX: PEB) is a New Zealand based cancer diagnostic
    company specialising in the discovery and commercialisation of diagnostic and
    prognostic technology for the early detection and monitoring of cancer. The
    company is developing and commercialising its range of Cxbladder bladder
    cancer tests. Its first commercial product, Cxbladder Detect, is now being
    actively marketed to physicians and clinicians in New Zealand, Australia, and
    the USA through the company's wholly owned subsidiaries and selected
    commercial partners.
    
    ABOUT bladder cancer
    
    Globally, bladder cancer has the 9th highest incidence and the 4th highest
    incidence for men. It has the highest total medical costs of any cancer per
    patient, which in the US approaches $240,000. One of the early symptoms of
    bladder cancer is the presence of blood in the urine, haematuria. People with
    haematuria often present to their general practitioner before being referred
    on to a urologist. Bladder cancer has a very high recurrence rate of
    approximately 50%-70% with up to 30% of these recurring as later stage
    tumours. However, bladder cancers are highly treatable, especially if
    detected in the early stages when there is a much higher probability of
    survival. Timely detection and regular surveillance and monitoring of this
    cancer is a key element of the clinical process and of the individual's
    annual healthcare plan.
    
    ABOUT Cxbladder Detect
    www.cxbladder.com
    
    Cxbladder Detect is a proprietary, accurate molecular diagnostic test that
    enables the non-invasive detection of bladder and other urinary tract cancers
    from a small volume of urine. Cxbladder Detect is commercially available in
    New Zealand, Australia and the USA. Cxbladder Detect is available in the USA
    and NZ as a Laboratory Developed Test (LDT) from the company's CLIA certified
    laboratories, providing physicians and clinicians with a quick, cost
    effective and accurate measure of the presence of the cancer, and provides
    urologists with an effective adjunct to cystoscopy. The Cxbladder Detect
    cancer detection test has been validated by a multi-centre, international
    clinical study.
    
    ABOUT Cxbladder Triage
    www.cxbladder.com
    
    Cxbladder Triage is a proprietary, accurate and non-invasive molecular test
    that combines the power of the genomic biomarkers with extra phenotypic and
    clinical risk factors to accurately identify and remove patients with
    haematuria who have a low probability of urothelial cancer, from needing to
    have a full-urological work-up. This is a tool for use by clinicians and
    physicians in the primary evaluation and is intended to reduce of the number
    of patients needing an expensive and invasive work-up for urothelial cancer.
    
    ABOUT Cxbladder Monitor
    www.cxbladder.com
    
    Cxbladder Monitor is a proprietary, accurate and non-invasive molecular test
    that combines the power of the genomic and clinical biomarkers to accurately
    identify those patients that have a low probability of having a recurrent
    disease. This test is expected to be used by urologists to compliment their
    cystoscopies when evaluating patients who are returning to the clinic. As a
    consequence, patients with a low probability of urothelial cancer may
    therefore not require further invasive procedures. This is a tool for use by
    urologists in the post-treatment surveillance of urothelial cancer and is
    intended to be used in conjunction with cystoscopy and reduce of the number
    of expensive and invasive work-up for urothelial cancer for some patients.
    End CA:00275764 For:PEB    Type:GENERAL    Time:2015-12-24 10:20:29
    				
 
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